United Carpets sees rise in profit

Mexborough-based United Carpets has reported a pre-tax profit of £937,000 thanks to an improving housing market and rising consumer confidence.

In the 12 months to March 31, the floor coverings chain saw like-for-like sales rise 2.2 per cent with revenue reaching £21.1m

The company is on a firmer footing after a pre-pack administration two years ago and the closure of more than 20 stores.

Chief executive Paul Eyre said: “We are pleased to be announcing a good uplift in profitability, helped by an increase in like-for-like sales as consumer confidence increases slightly and the housing market also improves.

“This trading performance also reflects the benefits of management actions taken two years ago to reduce significantly the size of the store portfolio, removing the majority of underperforming stores, refocusing the business on a core network of stores and giving the company a stronger financial base from which to operate.”

United Carpets’ now has 57 stores, down from more than 80 two years ago, some 46 are franchised.